101
101
Dec 11, 2012
12/12
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i didn't realize at the time, of course, we were going to begin during the obama administration running the highest budget deficit in american history, formerly the bush deficits had been the highest. of the course the president, president obama took those deficits not just to that level, twice that level, three times that level, but almost four times the level of what was formerly the highest deficit in american history. this campaign, mr. speaker, he said that he spent the entire campaign campaigning on raise ing taxes on the 1%. he said i have a mandate to do that because i talked about that for two years and folks elected me president. they did. and painfully, mr. speaker, that's not a new idea. i show you here this red line represents the tax burden shall the bills the top 1% of america played. this blue line represents the bills that the 80% of the rest of us pay. and it goes back to 1979. and jimmy carter, you see, every single president in my lifetime has gone with that tried and true formula asking the top 1% to pay more. every president in high lifetime has gone with the tried
i didn't realize at the time, of course, we were going to begin during the obama administration running the highest budget deficit in american history, formerly the bush deficits had been the highest. of the course the president, president obama took those deficits not just to that level, twice that level, three times that level, but almost four times the level of what was formerly the highest deficit in american history. this campaign, mr. speaker, he said that he spent the entire campaign...
115
115
Dec 5, 2012
12/12
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eye 115
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is the annual deficit recorded in the obama administration. not twice as large than the largest deficit in american history. not three times as large as the largest deficit in american history. but almost four times larger than the previous largest annual deficit in american history was the first year deficit recorded in the obama administration. we tip, that was the first time ever we run trillion dollar deficits, we continue to run trillion dollar deficits throughout that time. tax policy hasn't changed during that time. tax policy is exactly the same. you hear in the newspaper all the time, mr. speaker, the bush tax cuts. i don't know that that has meaning anymore. in 2001 and 2003 we did do some dramatic changes to tax policy. president obama extended all of those changes in 2010. that's the law of the land still today. tax policy has been exactly the same over this continuum. what has changed, mr. speaker, what has changed is the spending. the reason deficits have grown not one, not two, not three but almost four times larger than the pre
is the annual deficit recorded in the obama administration. not twice as large than the largest deficit in american history. not three times as large as the largest deficit in american history. but almost four times larger than the previous largest annual deficit in american history was the first year deficit recorded in the obama administration. we tip, that was the first time ever we run trillion dollar deficits, we continue to run trillion dollar deficits throughout that time. tax policy...
168
168
Dec 12, 2012
12/12
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CSPAN
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eye 168
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accordingly, i support this legislation that the obama administration proposed and reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new york. mr. king: madam speaker, i yield such time as he may consume to the gentleman from illinois, mr. walsh. let me take this opportunity to commend him, the outstanding job he's done during his time of service on the committee. . the speaker pro tempore: the gentleman from illinois is recognized for such time he may consume. mr. walsh: thank you, madam speaker. the i thank chairman king. earlier this year i introduced the no hassle flying act legislation, brought to our attention by the transportation security administration. senators clow by car from minnesota and blunt from missouri introduced my language in the senate and this is the bill we are considering today. over the past decade t.s.a. has classified 14 foreign airports as precleared for security purposes. these airports are routinely checked by t.s.a. to ensure their screening procedures for both people and bags meet
accordingly, i support this legislation that the obama administration proposed and reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new york. mr. king: madam speaker, i yield such time as he may consume to the gentleman from illinois, mr. walsh. let me take this opportunity to commend him, the outstanding job he's done during his time of service on the committee. . the speaker pro tempore: the gentleman from illinois is...
77
77
Dec 12, 2012
12/12
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eye 77
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and the obama administration has run annual deficits of well over $1 trillion. now i'm constantly hearing from people, how did this seem to happen so quickly? it has been decades in the making. and indeed, many of us have come to the floor regularly and we have talked about it and we have offered bills in a would address this. great example of this, every year i have offered bills that call for 1%, 2% and 5% spending reductions. we have the appropriations process where members have come to the floor and have offered amendment after amendment that would reduce what we are spending. we on this side of the aisle also believe that you have to have a budget. now, the president had a proposed budget and nobody wanted to vote for that. so we put it on the floor and i think it got one or two votes from the democrats. the country has not had a budget in over 1,300 days and there is a reason for this and that is because the budget we have passed out of this house has gone to the senate each and every year and it sits on harry reid's desk. and he does not take it up. and w
and the obama administration has run annual deficits of well over $1 trillion. now i'm constantly hearing from people, how did this seem to happen so quickly? it has been decades in the making. and indeed, many of us have come to the floor regularly and we have talked about it and we have offered bills in a would address this. great example of this, every year i have offered bills that call for 1%, 2% and 5% spending reductions. we have the appropriations process where members have come to the...